How do students know if the Pell Grant is for them?
The first thing to look for is the eligibility criteria. There are about 5,400 different schools that will accept
Pell Grants. After the students find the school that they want to attend, they must consider how much grant they
would be awarded if they are found to be eligible.
Should potential students apply for the Pell Grant?
First of all, there is never a charge applied to get the grant. Prior to trying for the grant, they must meet the
eligibility criteria of being a high school graduate. If not, they must have obtained their GED. In addition to
this, they need to be a US citizen, or they can be an eligible non-US student.
Second, the grant is based on low-income need. When applying for the grant, students would have to figure out their
yearly income. If they are with their parents, then that income is considered as well. If a student's income
(including family) is over $50,000 a year, then the potential student will not be able to receive the grant.
Usually, students with an income of $20,000 a year or less will be the first to be awarded the grant. This amount
is considered along with the family size and number of dependents.